Total Organic Carbon Analyzer Market Regional Analysis:
North America Market Insights
North America industry is set to account for largest revenue share of 32.1% by 2035. This growth is due to stringent regulations imposed by various governments and increased emphasis on environmental preservation. Also, the presence of major market players in the region gives a demand push to TOC analyzers for various applications across industries, including, pharmaceuticals and semiconductors. Growing demand for organic pollution assessment of water and an increase in the need to analyze water and wastewater treatments support the market growth in North America.
The U.S. market is expected to account for a significant share of 88.9% during the forecast period. The strict regulatory framework—impacted especially by the water quality and pollution control concerns linked to the EPA—has been potent in driving TOC analyzers' adoption. For instance, in January 2023, the U.S. EPA issued its Effluent Guidelines Program Plan 15, targeting the reduction of PFAS discharging industries. The said development is likely to further drive demand for TOC analyzers as industries invest in the upgrade of their monitoring infrastructure to comply with regulations.
The TOC analyzer market in Canada is anticipated to capture an 11.1% share during the forecast period. This has led to a surging demand for advanced solutions related to monitoring water. The government of Canada has been rather sensitive to this concern over the last few years and has come up with policies and initiatives that are meant to achieve better quality water by protecting its freshwater resources. These initiatives are likely to drive growth in the TOC analyzer market in Canada, with growing needs from industries like pharmaceuticals and oil & gas.
APAC Market Insights
The Asia Pacific total organic carbon (TOC) analyzer market is expected to witness massive growth till 2035. This high growth rate can be attributed to rapid industrialization coupled with urbanization that is resulting in growing water pollution and strict government regulations on treating wastewater. Growing pharmaceutical and semiconductor industries in the region require stringent water quality control, which is a primary driver of the market.
China is poised to account for total organic carbon (TOC) analyzer market share of more than 42.2% during the forecast period. Due to rapid industrial development and urbanization, water pollution has increased and also propelled the need for advanced water treatment solutions in the country. In February 2023, the Chinese government issued the "14th Five-Year Plan" for the pharmaceutical industry targeted green manufacturing and environmental protection. Hence, this policy is likely to raise further adoption of TOC analyzers in the pharmaceutical industry, thereby fueling market growth in China.
The Indian total organic carbon (TOC) analyzer market is projected to capture a 23.6% share by 2035. Increasing demand for TOC analyzers in this country could be due to the growth of the pharmaceutical sector along with increasingly stringent regulatory policies. In July 2023, HORIBA Group introduced state-of-the-art water monitoring products to aid India's Jal Jeevan Mission. It includes new UV-VIS, Ion-Selective, Colorimetry, and Combustion-based NDIR technologies for advanced innovation in rural and urban water quality monitoring across India. The trend is further likely to fuel demand for TOC analyzers in India as companies strive to adhere to stringent quality norms and regulatory requirements.
